RE: So 10 days to decide17 Jun 2025 09:03
To all of you going to vote 'NO' ....
The proposed share issuance is intended to settle historical obligations, including debt repayment.
If the "NO" vote delays or prevents this issuance, Pennpetro might face financial strain, which could complicate efforts to finalize the audited accounts (e.g., if auditors require clarity on the companyβs capital structure or debt obligations).
Offering the shares to existing shareholders is 1. costly and 2. will not solve the debt situation.
So....do ya really want to vote 'NO'???